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JPMorgan plans 2.5-year CDs tied to J.P. Morgan Efficiente Plus DS 5
By Marisa Wong
Morgantown, W.Va., Sept. 21 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due March 30, 2021 linked to the J.P. Morgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.
The payout at maturity will be par plus 105% to 120% of any index gain, with the exact participation rate to be set at pricing.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs will price Sept. 25.
The Cusip number is 48128FSY9.
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